New Tether’s Tokens and a Challenge for Bitcoin Hackers – This Week’s Crypto Updates
Dollar-backed Tether releases new tokens, hackers are encouraged to attack BTC brainwallet and large crypto exchange ZP.com goes to Malta – these and more news are presented in the digest.
Tether Issues New Tokens Worth $50 Million
Backed by dollar Stablecoin Tether (USDT) has issued more tokens with the price of $50 million. The previous huge token issue was in March, 2018, when Tether released 300 million tokens.
Regarding daily trading volumes, Tether is now in the second place after BTC.
Its average 24-hour trading volume is 22.92% of all crypto trades, while BTC has 33.86%.
Over the past month, USDT’s market cap has lost around $300 million – from $2.7 billion in the middle of July to the current $2.4 billion.
ZP.com Will Open New Office in Malta
One of the top 10 crypto exchanges – ZP.com – has announced that it will open the office in Malta. After the exchange’s co-founder discussed the idea with Malta’s authorities, he became ensured that the island has a developed crypto ecosystem – it has attracted ZP.com.
The government of Malta, in its turn, has stated that it is looking forward to new crypto business in the country. The office is expected to start operation soon.
Let us remind you that ZP.com is one of the 10 exchanges with the highest daily trading volume – as of August 16, it is ranked number 5.
Ethereum Classic’s Price Increased by 15% After Coinbase’s New Announce
The price of ETC has raised by 15% just after the crypto trading platform Coinbase has announced it would list the coin on its app on August 16, 2018.
Coinbase has changed the balance of its index fund in order to include ETC to the coins’ list on its mobile app. Currently, investors are able to buy, sell and exchange the coin via the mobile device.
First ETC trading on Coinbase Pro have started last week – it was the first step in adding the coin to the exchange’s services.
The current price of the coin for August 17 is $13.61 with the market cap of $1.413 million.
Mining Gains Popularity Again
As during the spring 2018, BTC has been decreasing in price, the amount of people mining the coin has lowered. Contributing factor – high price of the mining equipment. Moreover, crypto experts consider mining not profitable if the coin’s rate goes lower than $8,600.
However, currently, BTC’s price rate is becoming more stable, and crypto specialists are making positive forecasts – they believe the coin will rise again. As of August 17, the price of BTC is $6,462, and mining gains popularity again.
Bitcoin Brainwallet Hacking Challenge Has Started
The Head of Voltery Sergei Efimenko has announced the challenge for hackers – to steal money from the BTC brainwallet. The award for the winner – 100,000 satoshi stored in the wallet.
Efimenko believes that locating crypto in the brainwallet is the safest way to store coins – the generated seed phrase is not recorded anywhere as it is just memorized.
Despite the fact that over the 2018, hackers have already stolen 736 BTC from brainwallets, Efimenko states that it is almost impossible to make attacks in this case. In order to prove it, he has organized this challenge.
Efimenko said the seed phrase for brainwallet ready for attacks contains four Russian language words. Apart from that, he has even provided several other tips for hackers.
To keep up with the latest changes in crypto world, follow the news on the official website of the Blockchain & Bitcoin Conference Stockholm